WASHINGTON (Reuters) – U.S. worker productivity rebounded less than expected in the third quarter, resulting in continued upward pressure on…
Expert View: Bank of England lifts UK rates to 3% in historic hike
LONDON (Reuters) – The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike…
Tesla ships 71,704 China-made EVs in October – CPCA
(Reuters) – Tesla Inc delivered 71,704 China-made electric vehicles (EVs) in October, down 14% from a record high in the…
Inter IKEA posts 45% profit fall on costs, Russia
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to…
China to keep yuan stable, says central bank governor
HONG KONG (Reuters) – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the…
ECB can’t just mimic Fed in fight against inflation, Lagarde says
FRANKFURT (Reuters) -The European Central Bank must pay attention to the U.S. Federal Reserve, which influences global markets, but it…
U.S. trade deficit widens in September
WASHINGTON(Reuters) – The U.S. trade deficit widened sharply in September, likely as a strong dollar and softening global demand weighed…
Bank of England makes historic rate hike despite ‘very challenging’ outlook
By David Milliken and Andy Bruce LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates to 3%…
ECB shouldn’t be expected to match Fed hikes, Visco says
FRANKFURT (Reuters) – The European Central Bank shouldn’t be expected to match the Federal Reserve’s interest rate hikes, ECB policymaker…
IEA calls for urgent action on European gas supply gap
OSLO (Reuters) – Europe needs to take urgent action to avoid a natural gas shortage next year given the loss…